AMID vs. GRID ETF Comparison
Comparison of Argent Mid Cap ETF (AMID) to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)
AMID
Argent Mid Cap ETF
AMID Description
AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.
Grade (RS Rating)
Last Trade
$32.75
Average Daily Volume
6,967
9
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$118.30
Average Daily Volume
72,251
45
Performance
| Period | AMID | GRID |
|---|---|---|
| 30 Days | -2.72% | 3.63% |
| 60 Days | -1.80% | 5.71% |
| 90 Days | 3.34% | 13.18% |
| 12 Months | 36.74% | 22.86% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AMID | Weight in GRID | Overlap |
|---|
AMID Underweight 45 Positions Relative to GRID
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETN | A | -8.45% | |
| ABBV | D | -8.26% | |
| JCI | B | -7.21% | |
| PWR | B | -4.15% | |
| HUBB | D | -3.57% | |
| APTV | D | -3.43% | |
| ENPH | F | -2.49% | |
| NVDA | B | -2.05% | |
| NVT | A | -2.03% | |
| TSLA | D | -1.74% | |
| ORCL | D | -1.44% | |
| CSCO | D | -1.41% | |
| QCOM | B | -1.37% | |
| GE | A | -1.19% | |
| TXN | A | -1.18% | |
| IBM | D | -1.12% | |
| ATKR | D | -1.11% | |
| HON | C | -1.01% | |
| ADI | A | -0.72% | |
| ITRI | A | -0.66% | |
| SEDG | F | -0.55% | |
| AEIS | D | -0.51% | |
| EMR | C | -0.48% | |
| MYRG | D | -0.44% | |
| NXPI | A | -0.42% | |
| GEV | C | -0.28% | |
| FLNC | C | -0.17% | |
| TRMB | D | -0.1% | |
| AMSC | C | -0.08% | |
| PLPC | D | -0.07% | |
| WLDN | A | -0.07% | |
| AES | B | -0.07% | |
| GNRC | B | -0.06% | |
| WCC | B | -0.05% | |
| MTZ | B | -0.04% | |
| LFUS | B | -0.04% | |
| ENS | B | -0.03% | |
| VMI | B | -0.03% | |
| ESE | B | -0.02% | |
| STM | F | -0.02% | |
| BDC | C | -0.02% | |
| ACA | B | -0.02% | |
| DGII | F | -0.01% | |
| AZZ | C | -0.01% | |
| EBR | D | -0.0% |
AMID: Top Represented Industries & Keywords
GRID: Top Represented Industries & Keywords
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